Receive an email from us with a download link to open on your mobile phone.
By clicking the button you accept our privacy policy.
To calculate a flat interest rate, use the following formula: Interest = Principal x Rate x Time. Principal is the initial amount of the loan or deposit, Rate is the percentage of interest expressed as a decimal, and Time is the length of the loan or deposit in years. For example, if you have a $1000 loan with a 5% interest rate for 2 years, the interest would be $100 ($1000 x 0.05 x 2).
The effects of interest rates are often not directly felt but play out over a long time as valuations of real-estate and other assets adjust.
At Horizon65, we created a mobile app that enabled you to check the effect of high interest rates on your savings and to simulate potential investments that can defend against it.
Download our app and start gaining insight into your current and future finances.
